Meg Whitman - President, CEO

As for China, I know many of you saw last month's announcement about our new partnership with TOM Online. Like many U.S. companies doing business in China, there have been many lessons to learn and this year we came to understand that a local partner was a critical factor to our long-term success. TOM Online has been an outstanding partner to Skype in China and I believe they're also the right partner for eBay. By leveraging their extensive local market knowledge and keen understanding of the lifestyle aspirations of Chinese consumers, along with their 75 million active wireless users, we can create enhanced online and mobile trading platforms for both buyers and sellers. We are committed to the Chinese market and remain excited about the future.

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